Subscribe for Borana Weaves Ltd IPO; Anand Rathi

IPO

Anand Rathi, Borana Weaves Ltd

Incorporated in 2020, Borana Weaves Ltd. based in Surat, specializes in manufacturing unbleached synthetic grey fabric, a key input for dyeing, printing, and finishing across industries like fashion, traditional technical textiles, interior design and home décor. It also produces polyester textured yarn (PTY), derived from polyester oriented yarn (POY), which is used in grey fabric production, ensuring vertical integration within its textile operations. The Company commenced its operations in 2020, and the production from its first unit, Unit 1 located at Plot No. AA/93/P, Hojiwala Industrial Estate, SUSML, Surat, Gujarat, was subsequently started in 2021.

Valuation and Outlook

Therefore, we recommend the issue can be consider as “SUBSCRIBE for LONG TERM”.

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Borana Weaves -190525 - anand